Five-year capacity contracts through Ontario IESO MT2 auction
Company: Hut 8
The claim, verbatim
Far North secured five-year capacity contracts across the 310-megawatt portfolio through the Ontario IESO Medium-Term 2 (MT2) auction, transitioning assets from short-term arrangements to long-term investment-grade-backed revenue commitments
Source (primary)
hut-8 8-K exhibit (hut-20251117xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “Earlier this year, Far North secured five-year capacity contracts across the 310-megawatt Portfolio through the Ontario IESO Medium-Term 2 ("MT2") auction.”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The press release states each element of this claim directly, including the five-year MT2 contracts and the shift from short-term to long-term investment-grade-backed revenue.
Confirmed in the source:
- Far North secured five-year capacity contracts across the 310-megawatt portfolio
- The contracts were secured through the Ontario IESO Medium-Term 2 (MT2) auction
- The contracts transition the assets from short-term, seasonal arrangements to long-term, investment-grade-backed revenue commitments
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000110465925112928/hut-20251117xex99d1.htm) in full (10,071 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20251117xex99d1.htm)
Quote: “Earlier this year, Far North secured five-year capacity contracts across the 310-megawatt Portfolio through the Ontario IESO Medium-Term 2 ("MT2") auction.”